Self-driving Robots Market Potential Growth Opportunities for Players & Forecast 2016 - 2024

Self-driving robots are intelligent robots programmed with self-guidance technology to run errands and perform various logistics-related tasks, independent of explicit human intervention. Without traditional guidance, these robots are controlled and maneuvered with the help of embedded sensors and microprocessors and microcontrollers. Besides running various kinds of errands, self-driving robots can be used in the delivering food items, mails and packages under logistics domain. It can also be deployed to transport machineries and tools in the manufacturing sector. The robots are equipped with global positioning system (GPS), cameras, speakers and microphones along with a security system to prevent loss and theft. Wide-scale roll-out of autonomous robots is expected to reduce human effort, create new job opportunities for their operation and innovation purposes, decrease pollution and, drive future innovation.

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The advent of internet of things (IoT) has opened up several opportunities for innovation in all aspects of technology. It has aimed at making human life simpler and connected through the use of technology. This has been one of the major driving factors for the self-driving robots market. Furthermore, the need for automation and cost-reduction through the use of less labor-effective techniques have aided in the growth of autonomous robots market. Moreover, growing demand for service robots and industrial automations to reduce cost is also one of the major driving factors for the self-driving robots market. Additionally, rising fuel costs and time constraints due to busy schedules of consumers are fuelling the need for self-driven robots. However, high initial costs and the need for regular maintenance can pose a hindrance towards the wide-scale adoption of this technology, thus slowing down the growth of the autonomous robots market. Scope for further innovations in terms of both hardware and software and increasing applications in various sectors are expected to bolster future demand for these products.

The global self-driven robots market has been segmented on the basis of end-use application, end-use industry and geography. Based on end-use application, the self-driven robots market can be segregated into mail and packages delivery, food delivery, material transportation, domestic and personal use, retail delivery and transportation, military uses, emergency services and others. On the basis of end-use industry, the market is divided into logistics, manufacturing, retail, communication, space technologies, construction and others. As per geography, the global self-driven robot market has been classified into North America, Europe, Asia Pacific, the Middle East and Africa and South America. These devices have been incepted and initially deployed in Europe and the region is expected to witness wide scale roll-out of self-driven robots during the forecast period. The European region is anticipated to be closely followed by North America in terms of deployments as a result of rising labor costs.

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Industrial automation and robotics companies are expanding into the self-driven robots market space to take advantage of the thriving opportunities in this fast evolving market. Some of the major players in the global self-driven robots market include Starship Technologies, ABB, Bayerische Motoren Werke AG (BMW), KUKA AG, Fanuc Corporation, Yaskawa Motoman (Yaskawa Electric Corporation), Seegrid, Clearpath Robotics Inc.

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